Xpeng delivered a record 60,158 vehicles in the fourth quarter, falling within its previous guidance range of 59,500 to 63,500 vehicles.

Xpeng previously guided fourth-quarter revenue to be in the range of RMB 12.7 billion ($1.79 billion) to RMB 13.6 billion, representing year-on-year growth of about 86.1 percent to 99.3 percent.

For the full year 2023, Xpeng delivered 141,601 vehicles, up 17.26 percent year-on-year.

By the end of 2023, Xpeng's cumulative deliveries since inception amounted to 400,311 units.

Li Auto (NASDAQ: LI) released data earlier today showing that it delivered a record 50,353 vehicles in December, the first time monthly deliveries have exceeded the 50,000-unit mark.

Li Auto's three models currently on sale -- the Li L7, Li L8 and Li L9 -- are all extended-range electric vehicles (EREVs), essentially plug-in hybrids that are aimed at a larger market than battery electric vehicles (BEVs). Xpeng's models are all BEVs.

Li Auto will challenge for 800,000 annual deliveries and 100,000 monthly deliveries in 2024, Li Xiang, the company's founder, chairman, and CEO, hinted on Weibo today.

Xpeng will officially launch the X9 MPV (Multi-Purpose Vehicle) later today, with the launch set to begin at 6:30 pm Beijing Time.

Xpeng gave the X9 its debut on the first day of the Guangzhou auto show on November 17 and began pre-sales, which started at a price of RMB 388,000 ($54,650).

The X9 has garnered more than 30,000 pre-orders ahead of its official launch, Xpeng said yesterday.

Customer deliveries of the X9 will begin immediately after the launch, the company said today.

Li Auto will officially launch the Li Mega MPV on March 1, a few months later than previously planned for December.

Li Mega is Li Auto's first BEV model, and the delay signals the challenges it faces in entering the BEV market.

($1 = RMB 7.0999)

Xpeng sees price competition continuing until traditional OEMs can't profit on ICEs